Austria: EIB Group cooperates with Hypo Vorarlberg to support climate action investments

The EIB Group, consisting of the EIB and the EIF, has provided a mezzanine guarantee on a €330 million portfolio of mainly Austrian loans to SMEs and mid-caps, originated by Hypo Vorarlberg Bank AG. With this financial support, Hypo Vorarlberg will expand its lending to households, SMEs and mid-cap customers for new highly energy-efficient residential buildings. The transaction is timely and part of EIB Group’s response to support the Austrian economy following the COVID-19 pandemic.

This is not a CAPTIS article. Originally, it was published here.